Sec. 2. Tax credit for military relations managers
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Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to business-related credits) is amended by adding at the end the following new section: For purposes of section 38, in the case of an employer, the military relations manager tax credit determined under this section for a taxable year is an amount equal to $1,000 multiplied by the number of veterans— who begin work for the employer in the taxable year or preceding taxable year of the employer, and with respect to whom a qualified military relations manager is exercising the duties described in section 4303(17)(B) of title 38, United States Code.
Not more than 25 veterans hired in a taxable year may be taken into account under subsection
(a)for each qualified military relations manager. A veteran may not be taken into account for purposes of subsection
(a)until the veteran has provided continuous service for the employer for the 8-month period beginning on the day the veteran first begins work with the employer and with respect to whom the qualified military relations manager is exercising the duties described in section 4303(17)(B) of title 38, United States Code. For purposes of this section— For purposes of this section, the term qualified military relations manager means, with respect to an employer, a military relations manager with the qualities described in section 4303(17)(A) of title 38, United States Code, who has been designated by the taxpayer to participate in the hiring process and who carries out the duties described in section 4303(17)(B) of such Code. The term veteran has the meaning given such term by section 101(2) of title 38, United States Code. All persons treated as a single employer for purposes of subsection
(a)or
(b)of section 52 shall be treated as one person for purposes of this section. The Secretary shall prescribe such regulations or other guidance as the Secretary determines necessary or appropriate to carry out this section. . Subsection
(b)of section 38 of such Code is amended by striking plus at the end of paragraph (35), by striking the period at the end of paragraph
(36)and inserting , plus , and by adding at the end the following new paragraph: the military relations manager tax credit determined under section 45S(a). . The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by adding at the end the following new item: Sec. 45S. Military Relations Manager. . The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.